Security News

January 19, 2018

Facebook to prioritize ‘trustworthy’ news based on surveys

This post was originally published on this siteSAN FRANCISCO (Reuters) – Facebook Inc will prioritize “trustworthy” news in its feed of social media posts, using member surveys to identify high-quality outlets and fight sensationalism and misinformation, Chief Executive Mark Zuckerberg said on Friday. The company, which has more than 2 billion monthly users, said its members, not experts or Facebook executives, would determine how news outlets rank in terms of trustworthiness. It also said it would put an emphasis on local news sources. The move is likely to send shockwaves through the media landscape in nearly every country, given the […]
January 19, 2018

Twitter to notify users exposed to Russian propaganda during U.S. elections

This post was originally published on this site(Reuters) – Twitter Inc, which is reviewing Russian interference during the 2016 U.S. elections, said on Friday it would notify some of its users whether they were exposed to content generated by a suspected Russian propaganda service. The company said it would be emailing notifications to 677,775 people in the United States who followed, retweeted or liked content from accounts associated with the Internet Research Agency (IRA) during the election. The IRA is a Russian organization that according to lawmakers and researchers, employs hundreds of people to push pro-Kremlin content under phony social […]
January 19, 2018

FTC makes second request on Broadcom’s bid for Qualcomm

This post was originally published on this site(Reuters) – The U.S. Federal Trade Commission has made a second request for information on chipmaker Broadcom Ltd’s (AVGO.O) $103 billion hostile bid for Qualcomm Inc (QCOM.O), Broadcom said in a statement on Friday, a move that could indicate heightened antitrust scrutiny. The FTC review is part of a process under the Hart-Scott-Rodino Act to scrutinize potentially anti-competitive mergers. The vast majority of deals reviewed by the FTC and the Department of Justice are allowed to proceed after the first preliminary review, according to the FTC’s website. However, if a second request is […]
January 19, 2018

Judge overseeing AT&T, Time Warner merger trial hears document dispute

This post was originally published on this siteWASHINGTON (Reuters) – AT&T (T.N), owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they will be allowed to buy movie and TV show maker Time Warner (TWX.N), their lawyer Daniel Petrocelli said in a pre-trial hearing on Friday. The Justice Department sued in November to stop AT&T, the No. 2 U.S. wireless company, from buying Time Warner for $85 billion because of concerns that it could raise prices for rivals and pay-TV subscribers as well as hamper the […]
January 19, 2018

Trump signs bill renewing NSA’s internet surveillance program

This post was originally published on this siteWASHINGTON (Reuters) – U.S. President Donald Trump on Friday said he had signed into law a bill renewing the National Security Agency’s warrantless internet surveillance program. “Just signed 702 Bill to reauthorize foreign intelligence collection,” Trump said on Twitter, referring to legislation passed by the U.S. Congress that extends Section 702 of the Foreign Intelligence Surveillance Act for six years. Reporting by Dustin Volz; Editing by Sandra Maler Our Standards:The Thomson Reuters Trust Principles.
January 19, 2018

Facebook to prioritize ‘trustworthy’ news sources

This post was originally published on this siteSAN FRANCISCO (Reuters) – Facebook Inc will change the ranking of its News Feed to give priority to trustworthy news sources above those that its users do not consider trustworthy, Chief Executive Mark Zuckerberg said on Friday. Zuckerberg said in a post on Facebook that the social media network would be surveying its users to determine which news sources “are broadly trusted,” an effort he said would stem sensationalism. Reporting by David Ingram; Editing by Andrew Hay Our Standards:The Thomson Reuters Trust Principles.
January 19, 2018

FTC set to make second request on Broadcom’s bid for Qualcomm: sources

This post was originally published on this site(Reuters) – The U.S. Federal Trade Commission is set to make a second request for information on chipmaker Broadcom Ltd’s $103 billion hostile bid for Qualcomm Inc, people familiar with the matter said on Friday, indicating heightened antitrust scrutiny. The FTC review is part of a process under the Hart-Scott-Rodino Act to scrutinize potentially anti-competitive mergers and acquisitions. The vast majority of deals reviewed by the FTC and the Department of Justice are allowed to proceed after the first preliminary review, according to the FTC’s website. However, if a second request is issued, […]
January 19, 2018

Amazon boosts monthly fee for Prime by $2, maintains yearly rate

This post was originally published on this site(Reuters) – Amazon.com Inc (AMZN.O) raised the monthly fee for the U.S. version of its fast-shipping and video-streaming service Amazon Prime by $2 on Friday, making the case for subscribers to upgrade to an annual plan. It was the first increase of Prime fees in almost four years and comes at the end of another bullish year and holiday season for Amazon’s dominant online shopping platform. The move also follows a rise in fees by video streaming rival Netflix Inc (NFLX.O) in October. Amazon increased the fee for its monthly plan to $12.99 […]
January 19, 2018

Amazon raises monthly fee for Prime service by 18 percent

This post was originally published on this site(Reuters) – Amazon.com Inc (AMZN.O) on Friday raised the monthly fee for Amazon Prime, its fast-shipping and video-streaming service, to $12.99 from $10.99, while maintaining the annual fee. The company also hiked the monthly subscription fee for Amazon Prime Student members, its service targeting college students, to $6.49 from $5.49. Existing monthly Prime and Prime Student members will pay the new price for renewals after Feb. 18, Amazon said on its website. amzn.to/2mRHs6C The annual Prime membership fees would remain at $99 and for student members at $49. Amazon had hiked the annual […]
January 19, 2018

IBM shares fall on soft profit outlook

This post was originally published on this site(Reuters) – Shares in International Business Machines fell 2.6 percent on Friday as analysts judged a “disappointing” full-year profit forecast showed that the company would take more time to get back on a path of steady growth. IBM’s results call after U.S. markets closed on Thursday forecast an operating profit of at least $13.80 per share for 2018, compared with $13.80 in 2017 and market expectations of $13.92, according to Thomson Reuters I/B/E/S. The outlook came on the back of the computing services and hardware firm’s first quarterly revenue growth in six years. […]
January 19, 2018

Xiaomi to expand store network in Indian tussle with Samsung

This post was originally published on this siteMUMBAI (Reuters) – China’s Xiaomi plans to expand its Indian store network as it attempts to grab the lead in a smartphone market which Korea’s Samsung has dominated for more than five years. A little over three years after Xiaomi entered India, its cheap, high-spec handsets have helped the start-up, which is now valued at close to $100 billion and plans to list this year, to pull neck-and-neck with Samsung in its biggest market behind China. [nL3N1PA26T] “If you look at 2017 and 2018 combined, the biggest change in our strategy is our […]
January 19, 2018

India sends tax notices to cryptocurrency investors as trading hits $3.5 billion

This post was originally published on this siteNEW DELHI (Reuters) – India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said. Tech-savvy young investors, real estate players and jewelers are among those invested in bitcoin and other virtual currencies, tax officials told Reuters after gathering data from nine exchanges in Mumbai, Delhi, Bengaluru and Pune. Governments around the world are grappling with how to regulate cryptocurrency trading, and policymakers are expected to […]
January 19, 2018

China targets cryptocurrencies in online pyramid scheme crackdown

This post was originally published on this site(Reuters) – China will crack down on online pyramid schemes, including speculation masked as cryptocurrencies and online games, the public security ministry said on Friday. The ministry will act jointly with the industrial and commercial department to stamp out pyramid-type schemes, besides punishing those who swindle students and vulnerable groups, the ministry said in a statement on its website. Chinese regulators have moved to rein in financial risks associated with virtual currency trades and pyramid schemes. A court this month sentenced two people to life imprisonment for fraud in a pyramid scheme involving […]
January 19, 2018

Huawei founder, top executives to pay $469,000 fine for management oversight

This post was originally published on this siteHONG KONG (Reuters) – Top executives of Huawei Technologies Co [HWT.UL], including founder Ren Zhengfei, will pay a self-imposed fine totaling 3 million yuan ($469,000) for management oversight of some quality breaches at the firm, an internal company memo shows. In a notice sent to Huawei staff on Jan. 17, Ren said there had been cases of “quality breach and business falsification” at some business units in recent years, and the board had decided to hold key leaders responsible. Employees of the Chinese tech firm confirmed the contents of the memo, a copy […]
January 19, 2018

Bitcoin use under scrutiny in Indonesian island of Bali

This post was originally published on this siteJAKARTA/KUTA, Indonesia (Reuters) – Indonesian authorities are investigating the use of bitcoin in the holiday island of Bali, amid warnings by the central bank in Southeast Asia’s biggest economy over the risks posed by virtual currencies, an official said. The probe started after the central bank on Dec. 7, 2017 issued a regulation banning the use of cryptocurrencies in payment systems, said Causa Iman Karana, head of Bank Indonesia’s representative office in Bali. “We found out from some postings on social media that Bali appeared to have become a haven for bitcoin transactions,” […]
January 19, 2018

Nokia signs its first official 5G equipment deal with NTT DoCoMo

This post was originally published on this siteFRANKFURT (Reuters) – Finland’s Nokia said on Friday it signed its first major deal to supply new 5G wireless radio base stations to Japanese telecom operator NTT DoCoMo, which boasts nearly half of the country’s mobile subscribers. The contract marks Nokia’s first sizeable deal for its flagship mobile base station equipment based on official global New Radio (NR) standards for the fifth generation of wireless networks, which were only finalised in December 2017. Financial terms were not disclosed. The deal contemplates DoCoMo starting commercial 5G network service by 2020, in time for the […]
January 18, 2018

Google announces patent agreement with Tencent amid China push

This post was originally published on this siteBEIJING (Reuters) – Alphabet Inc’s Google has agreed to a patent licensing deal with Tencent Holdings Ltd as it looks for ways to expand in China where many of its products, such as app store, search engine and email service, are blocked by regulators. The U.S. technology company has signed similar agreements before with Samsung Electronics, LG Electronics and Cisco Systems Inc, but the deal with Tencent is a first with a large Chinese tech firm. Google has previously said that agreements such as these reduce the potential of litigation over patent infringement. […]
January 18, 2018

SEC says bitcoin funds raise ‘investor protection issues’

This post was originally published on this site(Reuters) – The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry they want answers to their concerns before endorsing more than a dozen proposed products based on cryptocurrencies. A top division chief at the U.S. Securities and Exchange Commission detailed the agency’s concerns about the wild-trading investment in a letter to two trade groups representing fund managers who unleashed a range of proposals for funds holding bitcoin or related assets. The SEC’s division of investment management demanded answers to at least 31 detailed questions […]
January 18, 2018

South Korean group files complaint against Apple CEO over iPhone slowdown

This post was originally published on this siteSEOUL (Reuters) – A South Korean consumer group has filed a criminal complaint against Apple Inc CEO Tim Cook over slower iPhone devices, after probes in Europe into allegations the firm had deliberately shortened the life of its handsets. Apple is already facing lawsuits in the United States and elsewhere over accusations of having defrauded iPhone users by slowing down devices without warning to compensate for poor battery performance and to push clients into buying new phones. The South Korean advocacy group, Citizens United for Consumer Sovereignty, in its complaint submitted on Thursday […]
January 18, 2018

SoftBank is now Uber’s largest shareholder as deal closes

This post was originally published on this siteSAN FRANCISCO (Reuters) – A group of investors led by SoftBank Group Corp (9984.T) closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber. The deal includes a large purchase of shares from existing Uber investors and employees at a discounted valuation for the company of $48 billion, a 30 percent drop from Uber’s most recent valuation of $68 billion. These secondary stock sales will be completed by the end of the day Thursday on the […]
January 18, 2018

IBM returns to growth after six years, but dour forecast hits shares

This post was originally published on this site(Reuters) – International Business Machines Corp’s (IBM.N) revenue rose for the first time in 23 quarters, beating analysts’ estimates, but the company warned that a higher tax rate this year would eat into its profit. IBM’s shares, which have rallied 10 percent so far this year on hopes of a strong turnaround in the company’s fortunes, fell more than 3 percent in extended trading on Thursday. The company forecast stable margins and revenue for 2018, buoyed by growth in its newer businesses such as cloud computing and security services. However, IBM forecast an […]
January 18, 2018

IBM returns to growth, but shares drop after recent rally

This post was originally published on this site(Reuters) – International Business Machines Corp’s (IBM.N) revenue rose for the first time in 23 quarters and beat analysts’ estimates as the company’s shift into its focus areas such as cloud computing and security services gains traction. IBM’s shares tumbled about 4 percent in extended trading on Thursday. In October, the company had flagged a possible return to growth and since then its stock has gained about 16 percent, including rallying about 10 percent since the start of 2018. “IBM hit their numbers, so I think the reason why shares are down is […]
January 18, 2018

Amazon’s review of Toronto could escalate tension with Trump

This post was originally published on this siteTORONTO (Reuters) – Amazon.com Inc’s inclusion of Canada’s largest city on a list of 20 finalists for a massive new campus could escalate tensions between the tech giant and U.S. President Donald Trump. Amazon said on Thursday that Toronto and 19 U.S. locales made the first cut in a contest to find a second headquarters where it promises to invest $5 billion and create 50,000 jobs. As it reviews Toronto, Amazon must weigh whether advantages including Canada’s open immigration policy, top technical schools and universal healthcare outweigh any potential blowback from Trump, who […]
January 18, 2018

Apple to release software update to resolve iPhone slowdown: CEO

This post was originally published on this site(Reuters) – Apple Inc will release a software update that will allow users to turn off a feature that slows down iPhones when batteries are low on charge, Chief Executive Tim Cook told ABC News. Apple will release a test version of its iOS software next month that shows users the health of their batteries and will let them turn off a phone-slowing feature meant to prevent sudden shutdowns in iPhones with older batteries, Cook said in an interview with ABC News on Wednesday. Cook said the phone-slowing software, released last year, was […]
January 18, 2018

Senate passes bill renewing internet surveillance program

This post was originally published on this siteWASHINGTON (Reuters) – The U.S. Senate on Thursday passed a bill to renew the National Security Agency’s warrantless internet surveillance program for six years with minimal changes, overcoming objections from civil liberties advocates that it undermined the privacy of Americans. The legislation, which easily passed the House of Representatives last week, is expected to be signed into law by President Donald Trump by Friday. Thursday’s 65-34 passage in the Senate was largely a foregone conclusion, after senators earlier this week cleared a 60-vote procedural hurdle, which split party lines and came within one […]